In January 2018 President Donald Trump imposed tariffs of 20%–50% on imported home washing machines. This prompted Whirlpool, which produces residential washing machines in the United States, to announce plans to hire 200 additional workers. Explain how the tariffs on imported washing machines would affect the price Whirlpool is able to charge and its quantity supplied of washing machines. Why would these changes cause Whirlpool to hire more workers? 

Two months later, President Trump imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports. Whirlpool quickly felt the impact of these tariffs on their production costs. In June the U.S. Department of Labor estimated that the cost of producing washing machines had increased by 17%. Explain how the steel tariffs may affect Whirlpool’s hiring plans.